News Highlights: Top Company News of the Day
McDonald's to Exit From Russia After Three Decades
The company will sell its business in Russia, joining a raft of
Western firms exiting as the war in Ukraine continues. It expects
to post a charge of between $1.2 billion and $1.4 billion in
connection with the move.
KKR to Sell CHI Overhead Doors to Nucor, Generating Windfall for Itself and Employees
KKR said it would sell CHI Overhead Doors to steel producer
Nucor for $3 billion including debt.The firm is set to make 10
times the equity it put in.
GameStop Names a New Chief Operating Officer
Nir Patel will start as chief operating officer on May 31.
Marriott Rolls Out Media Network That Lets Brands Reach Travelers on Its Apps and TV Screens
Marriott will use anonymized data on its guests to help brands
target their ads. Walmart, Kroger, DoorDash and others have taken
similar tacks, which come amid new privacy efforts.
JetBlue to Launch Tender Offer for Spirit
JetBlue plans to launch a hostile takeover attempt for discount
carrier Spirit Airlines, after Spirit rejected JetBlue's $3.6
billion offer in favor of an existing deal with Frontier
Diamondback Energy Agrees to Buy Rattler Midstream for $2.2 Billion
Rattler's stock surged in premarket trading Monday.
Warby Parker Stock Falls on Quarterly Revenue and Earnings Miss
The eyeglass retailer reiterated its revenue guidance for
India's Adani Builds Cement Empire With $10.5 Billion Deal
The company said the deal, if successful, would be the
largest-ever takeover in India's infrastructure-and-materials
India Can't Hang Up on Chinese Smartphones
In the latest flare-up between the neighboring Asian giants,
India and China are clashing over allegations of illegal royalty
payments by Chinese cellphone champion Xiaomi-and intimidation by
CVC Capital Targets Australia's Brambles as Logistics Assets Stay Hot
The takeover approach for the pallet supplier comes after
private-equity firms invested more than $50 billion in logistics
(END) Dow Jones Newswires
May 16, 2022 09:00 ET (13:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.